IPO News | JNK India Ltd IPO Subscription Know Price Band Last Date And Other Details

Golden opportunity to become a partner of large cap companies about to be listed in the stock market. IPO subscription window is open. Traders can invest there till April 25. It is not necessary to invest a large amount of cash. The stock is being bought for just 15,000 rupees. The name of the company which has IPO in the share market is JNK India Ltd. The window for subscriptions opens from April 23. Note that JNK India wants to raise Rs 649.47 crore from the market through IPO. For this, they released 75 lakh 94 thousand 936 new shares worth 300 crore rupees in the market. 84 lakh 21 thousand 52 out of new stock is kept for offer for sale. The price of which is said to be Rs 349.47 crore.
274 percent gain in one year, which stock is heating the pocket with multibagger returns?

JNK India has raised a huge amount from anchor investors before opening the IPO subscription window for general investors. This company received 194.84 crore rupees from them. According to company sources, the first day of subscription on Tuesday (April 23) received a great response. The IPO was the most subscribed in the Qualified Institutional Buyer (QIB) category.

Note that JNK India’s IPO price band has been fixed at Rs 395-415. Each lot has a minimum of 36 shares. That means the investor has to make a minimum investment of Rs 14,940. The shares of this IPO will be allotted on April 26. On that day, traders will know who’s fate is how many stocks? The IPO is scheduled to be listed on the Bombay and National Stock Exchanges on April 30. Shares of the company are reportedly trading at a premium of Rs 15 on the gray market.

Incidentally, JNK India manufactures heating equipment for oil refineries and petrochemical plants. The branch of this company is spread outside India and abroad. Investors expect bumper returns from its IPO on the listing day. On the other hand, Vodafone-Idea’s FPO will be listed on the stock market on Thursday (April 25).

(Special Note: Investing in stock market is risky. This time we have tried to give an idea about IPO in this report of Digital. And therefore should invest in it by following the advice of experts.)